Reports from the US and many other regions in the world continue to show that young people are bearing the brunt of the recession.
In the US, the Center for American Progress reports that minority workers, teens and less-educated workers have unemployment rates far above the national average. The latest available data from the Bureau of Labor Statistics reports that in July 2008, 3.4 million young people in the United States were unemployed representing a youth unemployment rate of 14 percent, the highest rate recorded for July since 1992.
According to the National Youth Employment Council, “an unprecedented “age twist” in employment rates occurred in the US over the past 8 years with older workers (55+) improving their employment rates strongly while teens and 20-24 year old males reached new post-World War II lows.”
This trend is true in many parts of the developing and developed world. In several countries, young people represent the largest cohort in society yet experience some of the lowest employment rates.
The Middle East/North Africa region has an unemployment rate near 15 percent, the highest of any region in the world. Young people in the region experience even greater unemployment with average rates of 25 percent, far exceeding the world Continue reading